SeaSpine

SeaSpine [SPNE] is a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. SeaSpine has a comprehensive portfolio of orthobiologics and spinal fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. SeaSpine's orthobiologics products consist of a broad range of advanced and traditional bone graft substitutes that are designed to improve bone fusion rates following a wide range of orthopedic surgeries, including spine, hip, and extremities procedures. SeaSpine's spinal fusion hardware portfolio consists of an extensive line of products to facilitate spinal fusion in minimally invasive surgery (MIS), complex spine, deformity and degenerative procedures. Expertise in both orthobiologic sciences and spinal fusion hardware product development allows SeaSpine to offer its surgeon customers a differentiated portfolio and a complete solution to meet their fusion requirements. SeaSpine currently markets its products through a network of independent sales agents in the United States and through stocking distributors in over 30 countries worldwide.
Type
Public
HQ
Carlsbad, US
Size (employees)
310 (est)-13%
SeaSpine is headquartered in Carlsbad, US

SeaSpine Office Locations

SeaSpine has an office in Carlsbad
Carlsbad, US (HQ)
5770 Armada Dr

SeaSpine Data and Metrics

SeaSpine Financial Metrics

SeaSpine's revenue was reported to be $128.9 m in FY, 2016 which is a 3% decrease from the previous period.
USD

Revenue (FY, 2016)

128.9 m

Revenue growth (FY, 2015 - FY, 2016), %

(3%)

Gross profit (FY, 2016)

73.3 m

Gross profit margin (FY, 2016), %

57%

Net income (FY, 2016)

(43.2 m)

EBIT (FY, 2016)

(43.5 m)

Market capitalization (21-Jul-2017)

139.6 m

Cash (31-Dec-2016)

14.6 m
SeaSpine's current market capitalization is $139.6 m.
USDFY, 2015FY, 2016

Revenue

133.2 m128.9 m

Revenue growth, %

(3%)

Cost of goods sold

61.1 m55.5 m

Gross profit

72.1 m73.3 m

Gross profit Margin, %

54%57%

R&D expense

8.4 m11.4 m

General and administrative expense

110.6 m101.1 m

Operating expense total

124.2 m116.8 m

EBIT

(52.2 m)(43.5 m)

EBIT margin, %

(39%)(34%)

Pre tax profit

(53.1 m)(43.8 m)

Income tax expense

2.5 m(552 k)

Net Income

(55.5 m)(43.2 m)
USDFY, 2015FY, 2016

Cash

33.4 m14.6 m

Accounts Receivable

11 m

Inventories

51.3 m45.3 m

Current Assets

113.7 m82.7 m

PP&E

22 m21.9 m

Total Assets

176.4 m147.2 m

Accounts Payable

4.1 m

Current Liabilities

26 m24.4 m

Total Liabilities

36.2 m

Additional Paid-in Capital

173.8 m180.8 m

Retained Earnings

(27.9 m)(71.2 m)

Total Equity

147.3 m111 m

Financial Leverage

1.2 x1.3 x
USDFY, 2015FY, 2016

Net Income

(55.5 m)(43.2 m)

Depreciation and Amortization

12.4 m11.8 m

Accounts Receivable

(2 m)4.3 m

Inventories

(8.4 m)1.4 m

Accounts Payable

5.8 m(5 m)

Cash From Operating Activities

(32.6 m)(14.3 m)

Purchases of PP&E

(11.6 m)(7.6 m)

Cash From Investing Activities

(11.7 m)(8.7 m)

Cash From Financing Activities

77.1 m4.3 m

Income Taxes Paid

3 m3 m
USDY, 2016

Revenue/Employee

357.9 k

Financial Leverage

1.3 x

SeaSpine Operating Metrics

FY, 2016

Patents Issued

3

SeaSpine Market Value History

SeaSpine Online and Social Media Presence

SeaSpine Company Life and Culture

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